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I need help calculating fixed costs,variable costs,total costs,total evenue,net profit, and breakeven point a company specializing in sustainable technology, has developed a mobile charger. The
I need help calculating fixed costs,variable costs,total costs,total evenue,net profit, and breakeven point
a company specializing in sustainable
technology, has developed a mobile charger. The company is considering the production and sale
of this new product to promote renewable energy solutions. The mobile charger can be sold at a price of $60 each. However, before proceeding, the management needs to analyze the breakeven point and potential profitability of this venture.
To manufacture the mobile charger, company plans to rent a facility and acquire specialized equipment, incurring a cost of $450,000 per year. Each unit of product being produced contains $22 worth of material and takes $13 of labor. Additionally, there are costs such as research and development expenses, marketing, and administrative costs, which total $320,000 per year.For the upcoming year, company aims to produce and sell 25,000 units of the mobile charger.Your task is to assist the management in conducting a breakeven analysis for the new product. Calculate the breakeven point in terms of the number of units that need to be sold to cover both fixed and variable costs. Also, determine the potential profit at the projected sales volume of 25,000 units.
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